Climate Change Response
Climate Change Response
GCL Technology fully recognizes the impact of climate change on its strategic planning and business operations. Therefore, the Group has integrated climate change into its overall ESG governance framework. In line with the framework and recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), it carries out climate change risk management and enhances its response capabilities. To further address the risks and opportunities posed by climate change, the Group plans to establish and improve its climate change governance system, deepen the involvement of the Board of Directors and various business units, strengthen the identification and assessment of climate-related risks, continuously advance carbon accounting and carbon reduction planning, and fully implement specialized initiatives for climate change response.
Governance
Climate Change Governance Structure
Strategy
To develop effective climate change response strategies, we have identified and evaluated climate-related risks and opportunities across all business segments and advanced the next phase of work progressively. In 2024, we assessed the importance and financial impact of climate risks by collecting financial data and climate-related indicators from key stages in thevalue chain of our polysilicon segment. This assessment considered international climate scenarios to formulate targeted response strategies aimed at enhancing our climate resilience.
Key Physical Climate Risks
Key Transition Climate Risks
Key Climate Opportunities
Risk Management
The Group has developed an integrated management process for climate risks andopportunities, incorporating assessments of their significance and financial impact to crafteffective response strategies. This creates a closed-loop system for identifying, evaluating,and managing climate risks.
Indicators and Goals
Our Scope 1 and Scope 2 GHG emissions mainly arise from the consumption of fossil fuels like coal, gasoline, diesel, natural gas,and purchased electricity. In 2024, we continued to reduce greenhouse gas emissions by deploying intelligent energy monitoringsystems, optimizing industrial cooling system efficiency, and expanding distributed solar photovoltaic installations. At the sametime, we actively promote the development of green factories, integrating environmental and low-carbon concepts deeply intoproject life cycles. We drive carbon reduction and energy savings from the outset to accelerate our transition to green and lowcarbon operations.
In 2024, the Group continued to carry out third-party verification of Scope 1, 2, and 3 GHG emissions for five bases, includingJiangsu Zhongneng, Xuzhou Photovoltaic, Leshan GCL, Inner Mongolia Xinyuan, and Inner Mongolia Xinhuan. Moving forward, theGroup will place greater emphasis on Scope 3 emissions management by tracing carbon footprints across the supply chain andcollaborating on emission reduction at key stages, aiming to build a low-carbon ecosystem that spans the entire value chain.
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